"Section 11-11-240.
(A) There is created the Federal and
Other Funds Oversight Committee, a joint committee of the Senate
and the House of Representatives. The committee shall consist
of twelve members as follows: the Chairman of the Senate
Finance Committee, or his designee; three members of the Senate
Finance Committee appointed by the Chairman of the Senate
Finance Committee; the Chairman of the House of Representatives
Ways and Means Committee, or his designee; three members of the
House Ways and Means Committee appointed by the Chairman of the
House Ways and Means Committee; the Senate Majority Leader, or
his designee; the Senate Minority Leader, or his designee; the
House Majority Leader, or his designee; and the House Minority
Leader, or his designee.
(B) The committee shall
review and examine the source of federal and other funds in this
State and recommend to the General Assembly the appropriate
policy for the receipt, appropriation, expenditure, and
reporting of federal and other funds. In making its
determination, the committee shall solicit and receive testimony
from state agencies, departments, boards, or commissions
regarding the status of the receipt of federal and other funds,
the conditions of receipt, the expenditure of federal and other
funds, and any relevant statistic or measurement. The committee
shall make recommendations to the General Assembly regarding any
necessary action. Any action recommended by the committee must
be agreed upon by a majority of members representing the House
of Representatives and a majority of members representing the
Senate.
(C) Each state agency,
department, board, or commission shall cooperate with the
committee and provide any information the committee determines
is necessary.
(D) The Office of State
Budget must notify the committee of any request for an increase
in interim budget authorization resulting from federal and other
funds collections that is made by any state agency, department,
board, or commission. The committee shall review each request
and recommend appropriate action. Any action recommended by the
committee must be agreed upon by a majority of members
representing the House of Representatives and a majority of
members representing the Senate.
(E) Members of the
committee shall serve without compensation, but are allowed the
usual per diem and mileage as provided by law for members of
boards, commissions, and committees while on official
business.
(F) For purposes of the
section, 'federal and other funds' means any revenues received
by an agency which are not general funds appropriated by the
General Assembly in an appropriations act."
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